Approving the 12th Amendment to the Plaza Steppes Chapter 353 Development Plan submitted by 47th _ Jefferson Redevelopment Corporation for the redevelopment of an area generally bounded by 46th Street on the north, Jefferson Street on the east, 47th Street on the south, and Summit Street on the west, all in Kansas City, Jackson County, Missouri, and singularly known as Stage 2b; authorizing the execution of a Twelfth Supplementary Contract to the existing development contract in connection with the foregoing; and directing the City Clerk to transmit copies of this ordinance.

Approving the 12th Amendment to the Plaza Steppes Chapter
353 Development Plan submitted by 47th & Jefferson Redevelopment
Corporation for the redevelopment of an area generally bounded by 46th Street
on the north, Jefferson Street on the east, 47th Street on the south, and
Summit Street on the west, all in Kansas City, Jackson County, Missouri, and
singularly known as Stage 2b; authorizing the execution of a Twelfth
Supplementary Contract to the existing development contract in connection with
the foregoing; and directing the City Clerk to transmit copies of this
ordinance.

WHEREAS, the Plaza Steppes Redevelopment
Corporation (“PSRC”), an urban redevelopment corporation organized under and pursuant
to the Urban Redevelopment Corporations Law of the Revised Statutes of
Missouri, as amended (the “Act”), did on January 4, 1985, file with the City
Clerk an application for approval of a development plan (“Development Plan”),
prepared in accordance with the Act and Chapter 74, Code of Ordinances
(“Chapter 74”), which contemplated the redevelopment of area of approximately
5.4 acres generally bounded by 46th Street on the north, Jefferson Street on
the east, 47th Street on the south, and Summit Street on the west, all in
Kansas City, Jackson County, Missouri; and

WHEREAS, the City Council of Kansas City,
Missouri, did on November 27, 1985, pass Ordinance No. 58641 (the “Ordinance”),
which Ordinance approved the application and Development Plan and authorized
and directed the Director of Finance to enter into a redevelopment contract
with PSRC; and

WHEREAS, PSRC and the
City of Kansas City, Missouri (“City”) entered into a redevelopment contract dated May 1, 1986 (“Redevelopment
Contract”), providing for the implementation of the Development Plan, which
Redevelopment Contract was recorded with the Jackson County, Missouri,
Department of Records on June 9, 1986, at Book K-1547 at Page 1757 as Document
No. K-718178; and

WHEREAS, PSRC proposed a First Amended Redevelopment Plan,
which was approved by the City Council on July 12, 1987, by Ordinance No.
61095; and

WHEREAS, the City and PSRC entered into a First
Supplementary Contract, which was recorded in the Jackson County Recorder of
Deeds Office on September 8, 1987, at Book K1726, page 1950, as Document No.
K793346; and

WHEREAS, PSRC proposed a Second Amended Redevelopment Plan,
which was approved by the City Council on March 3, 1988, by Ordinance No.
62109; and

WHEREAS, the City and PSRC entered into a Second
Supplementary Contract, which was recorded in the Jackson County Recorder of
Deeds Office on April 8, 1988, at Book K1788, page 605, as Document No.
K822554; and

WHEREAS, by an Assignment Agreement, PSRC
assigned all of its right, title and interest in the Development Plan for Stage
1 to Four Seven Redevelopment Corporation, which was approved by Committee
Substitute for Ordinance 62533, passed by the City Council on May 19, 1988, and
recorded in the Jackson County Recorder of Deeds Office on August 2, 1988, at
Book K1828, page 1242, as Document No. K839473; and

WHEREAS, PSRC proposed an Amended and Restated
Development Plan for Stages 2 and 3 (considered as the Third Amendment to the
Development Plan), which was approved by Ordinance No. 64361, passed by the
City Council on July 13, 1989; and

WHEREAS, the City and PSRC entered into a Third
Supplementary Contract, which was recorded in the Jackson County Recorder of
Deeds Office on August 25, 1989, at Book K1947, page 688, as Document No. K892384;
and

WHEREAS, by an Assignment and Assumption
Agreement, PSRC assigned all of its right, title and interest in the
Development Plan for Stages 2 and 3 to 47th & Jefferson Redevelopment
Corporation (“Developer”), which assignment was approved by the City Council
through passage of Ordinance No. 64653, as amended, and recorded in the Jackson
County Recorder of Deeds Office on July 9, 1990, at Book K2038, page 1912, as
Document No. K931799; and

WHEREAS, Developer proposed a Fourth Amendment
to the Development Plan, which was approved by Ordinance No. 981074, passed by
the City Council on April 1, 1999; and

WHEREAS, the City and Developer entered into a
Fourth Supplementary Contract, which was recorded in the Jackson County
Recorder of Deeds Office on August 4, 1999, as Document No. 1999K0045239; and

WHEREAS, Developer proposed a Fifth Amendment
to the Development Plan, which was approved by Ordinance No. 010999, passed by
the City Council on August 9, 2001; and

WHEREAS, the City and Developer entered into a
Fifth Supplementary Contract, which was recorded in the Jackson County Recorder
of Deeds Office on January 8, 2002, as Document No. 2002K0001048; and

WHEREAS, on January 28, 2003, Developer, Plaza
Steppes Limited Partnership, Master Craftsmen Redevelopment Corporation,
Mulhern Family Limited Partnership, and the City entered into an Assignment and
Assumption Agreement whereby Master Craftsmen Redevelopment Corporation assumed
all rights, duties, interests and obligation under the Development Plan with
respect to Stage 3 of the Development Plan, which agreement was approved by the
City Council on February 6, 2003, by Ordinance No. 030131 and recorded in the
Jackson County Recorder of Deeds Office on July 16, 2003, as Document No.
2003K0053133; and

WHEREAS, Developer proposed a Sixth Amendment
to the Development Plan which was approved by the City Council on June 26,
2003, by Ordinance No. 030610; and

WHEREAS, the City and Developer entered into a
Sixth Supplementary Contract, which was recorded in the Jackson County Recorder
of Deeds Office on October 8, 2003, as Document No. 2003K0079013; and

WHEREAS, Master Craftsmen Redevelopment
Corporation proposed a Seventh Amendment to the Development Plan (relating to
Stage 3 only), which was approved by the City Council on October 2, 2003, by
Committee Substitute for Ordinance No. 030844, and Master Craftsmen
Redevelopment Corporation and the City entered into a 353 contract for Stage 3
(considered the Seventh Supplementary Contract), which was recorded in the
Jackson County Recorder of Deeds Office on May 18, 2005, as Document No.
2005K0030962; and

WHEREAS, Developer proposed an Eighth Amendment
to the Development Plan, which was approved by the City Council on July 10,
2008, by Ordinance No. 080574; and

WHEREAS, the City and Developer entered into an
Eighth Supplementary Contract, which was recorded in the Jackson County
Recorder of Deeds Office on August 20, 2008, as Document No. 2008E0089659; and

WHEREAS, 46 Summit Redevelopment Corporation
proposed a Ninth Amendment to the Development Plan, which was approved by the
City Council on October 30, 2008, by Ordinance No. 081029, which also approved
the assignment of all development rights of Master Craftsmen Redevelopment
Corporation and Mulhern Family Limited Partnership relating to Stage 3 to 46
Summit Redevelopment Corporation; and

WHEREAS, 46 Summit Redevelopment Corporation
and the City entered into a 353 Contract (considered the Ninth Supplementary
Contract), which was recorded in the Jackson County Recorder of Deeds Office on
December 12, 2008, as Document No. 2008E127361; and

WHEREAS, Master Craftsmen Redevelopment
Corporation and Mulhern Family Limited Partnership assigned all of their
development rights to Stage 3 to 46 Summit Redevelopment Corporation, which
assignment and assumption agreement was recorded in the Jackson County Recorder
of Deeds Office on August 4, 2010, as Document No. 2010E0074725; and

WHEREAS, 46 Summit Redevelopment Corporation
proposed a Tenth Amendment to the Development Plan relating to Stage 3 only,
which was approved by the City Council on April 12, 2012, by Ordinance No.
120340; and

WHEREAS, 46 Summit Redevelopment Corporation
and the City entered into an Amended and Restated 353 Contract relating to
Stage 3 only (considered the Tenth Supplementary Contract), which was recorded
in the Jackson County Recorder of Deeds Office on January 7, 2013, as Document
No. 2013E0001462; and

WHEREAS, Developer proposed an Eleventh
Amendment to the Development Plan relating to Stage 2b of the Development Plan,
which was approved by the City Council on July 25, 2013, by Ordinance No.
130531; and

WHEREAS, the City and Developer entered into an
Eleventh Supplementary Contract, which was recorded in the Jackson County
Recorder of Deeds Office on January 22, 2014, as Document No. 2014E0005902; and

WHEREAS,
Developer submitted an application for a Twelfth Amendment to the Development
Plan (the “Twelfth Amendment”) to the City, via the Kansas City Chapter 353
Advisory Board (“Board”), on October 1, 2018, which application was revised and
resubmitted on November 2, 2018, to, among other things, extend the dates for
the commencement and completion of the Stage 2b construction obligations and
reduce the level of tax abatement for Stage 2b from what had been previously
approved; and

WHEREAS, Developer has
complied with all the requirements imposed upon it by the Act and Chapter 74;
and

WHEREAS, review by the
City Plan Commission was not required as implementation of the Twelfth Amendment
would not require any changes to the existing zoning and is otherwise in
compliance with the Comprehensive Plan; and

WHEREAS, Developer and the
Board provided such notice as is required by the Act and Chapter 74, and

WHEREAS, on November 28, 2018, the Board held a
public hearing on the Twelfth Amendment, which public hearing was continued
from October 24, 2018, at which public hearing all interested parties were
given an opportunity to be heard; and

WHEREAS, the Board, after
fully considering the Twelfth Amendment and the documents and any testimony
submitted in connection therewith, recommended approval of the Twelfth
Amendment, and transmitted its recommendation to the City Council; NOW,
THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the City
Council, having reviewed the Twelfth Amendment to the Development Plan (as the
same is on file with the Board and is incorporated herein by reference) and
given due consideration to the Board’s recommendation, approves the Twelfth
Amendment to the Development Plan subject to the execution of a Twelfth
Supplementary Contract authorized herein.

Section 2. That the Director
of City Development is authorized and directed to execute such Twelfth
Supplementary Contract for purposes of implementing the Twelfth Amendment to
the Development Plan as he shall determine proper and in such form as he shall determine
appropriate.

Section 3. That all other
rights, duties and obligations of Developer not affected by the Twelfth
Supplementary Contract shall remain in full force and effect.

Section 4. That the City
Clerk shall send a copy of this ordinance to the County Clerk and County
Executive of Jackson County, Missouri.